According to ChainCatcher, according to the Snapshot governance page, the proposal initiated by Animoca Ventures, the early venture capital arm of Animoca Brands, to establish ApeCoin Ventures in the ApeCoin DAO community has been voted through.

The voting results showed that the approval rate was 84.27%, which means that ApeCoin DAO will invest $5 million in APE tokens, and Animoca Ventures will provide $5 million in fiat currency in a 1:1 ratio to jointly establish an investment fund with a total size of $10 million. The fund will focus on investing in early Web3 projects in the seed and Series A stages, giving priority to projects that can integrate APE tokens into their ecosystems.